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🧙‍♂️Singapore-based crypto financial research organization SoSoValue has closed its $4.15 million seed funding round.

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Famous analyst comments on Ethereum: Good days are coming According to an analyst, outflows from Grayscale's Ethereum ETF may slow down in the near future and positively affect the market. According to one analyst, outflows from Grayscale’s Ethereum ETF could slow down in the near future, potentially positively affecting the market. Steno Research Senior Analyst Mads Eberhardt said that the large outflows from Grayscale’s ETHE will “likely” slow down this week. ETHE has seen more than $1.7 billion in outflows since its conversion, roughly 18% of the $9 billion that was initially in ETHE before it was converted to the ETF on July 24. This figure has kept Ether ETFs from seeing net inflows over the past four days, even as eight other ETH ETFs have been consistently posting positive inflows. BlackRock’s spot ETH fund saw the largest inflows with $500 million in cumulative inflows, while Bitwise’s fund saw $276 million and Fidelity came in third with $244 million in net inflows. However, Eberhardt believes the early strong outflows are a reason for a bullish trend in the short term. “Grayscale Bitcoin ETF outflows have slowed significantly after the eleventh trading session,” he said. Trader Evanss6 echoed Eberhardt’s sentiment in a July 30 post to X, comparing Bitcoin ETFs to Ethereum ETFs. Evan wrote that outflows from Bitcoin ETFs bottomed on the seventh trading day, with the bottom coming when cumulative outflows from the Grayscale Bitcoin Trust (GBTC) reached 13.2% of the original fund. “Grayscale Bitcoin ETF outflows have slowed significantly after the eleventh trading session,” he said. Trader Evanss6 echoed Eberhardt’s sentiment in a July 30 post to X, comparing Bitcoin ETFs to Ethereum ETFs. Evan wrote that outflows from Bitcoin ETFs bottomed on the seventh trading day, with the bottom coming when cumulative outflows from the Grayscale Bitcoin Trust (GBTC) reached 13.2% of the original fund.

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On July 29, spot Bitcoin ETFs recorded $124 million inflows. •Grayscale spot Bitcoin ETF (GBTC) experienced $54.3 million outflows. •Blackrock spot Bitcoin ETF (IBIT) experienced $205.6 million inflows. •Bitwise spot Bitcoin ETF (BITB) experienced $21.3 million outflows.

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Elon Musk Talks About Bitcoin (BTC) and Dogecoin (DOGE)! Elon Musk said that he accepts the value of Bitcoin, Dogecoin and other cryptocurrencies but will not promote any cryptocurrencies. Known for his support for Dogecoin, Tesla CEO Elon Musk joined the X Takeover podcast hosted by the Tesla Owners Silicon Valley account on X. Here, Musk, who made statements on #Bitcoin (BTC), #Dogecoin (DOGE) and the general crypto market, was asked to share his current views on Bitcoin. Answering this question from a different perspective, Musk said that he accepts the value of BTC, #DOGE and other cryptocurrencies, but will not promote any cryptocurrency. Musk, who stated that he has a weakness for dogs and memes, also admitted his fondness for Dogecoin. However, the famous billionaire also warned that videos showing him supporting DOGE or cryptocurrencies are most likely deepfakes, saying: “I think Bitcoin and maybe other cryptocurrencies have value, and I have a soft spot for Dogecoin because I love dogs and memes. But I have no intention of promoting any crypto. Most of all, I will not promote a cryptocurrency as a joke. If you see me pumping crypto, it is not me.” While Tesla CEO Elon Musk has said he supports Dogecoin but will not promote it, his companies Tesla and SpaceX still accept DOGE for merchandise.

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#Ethereum average gas price dropped to 5 Gwei ($0.28).

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Join us this week at #MYBW2024 in Kuala Lumpur! 🇲🇾 Our CEO, @Julian_kip , will be speaking at the @Offchainglobal Global Conference 2024⚡🎤 📅 Date: July 30, 2024 🕒 Panel Time: 1:10 PM If you're at the event, come say hi! And don’t miss our panel with other industry leaders on how to redefine authenticity through Web3 and AI! See you there ✊️

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Legfrissebb hírek

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Major FWOG Token Holder Sells Off, Causing Sharp Price Drop

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Grayscale Ethereum ETF Outflows Expected to Slow This Week

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Binance Trending Tokens Daily Update (July 30)

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Trusta Launches Scroll Canvas for User Reputation Badges

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